Vietnam oil and gas projects 2018. The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. Vietnam’s long-delayed Blue Whale offshore gas development project may be closer to pumping after operator and majority owner ExxonMobil said last week it Investment decision for Block B - O Mon project expected in 2022, with first gas flow in 4Q25 Since 2016, Vietnam Oil and Gas Group (PVN) has been the official operator of the Block B - O Mon Gas Pipeline Project. Business segments Entrusted import and export of crude oil and international oil trading PVOIL is the only company in Vietnam that conducts marketing and provides services for the export/sale of domestic crude oil and the crude oil of PetroVietnam, or its subsidiary exploited in the blocks overseas. [16] At this time, Dow created the diamond logo that is still used by the company. The Sao Vang and Dai Nguyet gas and condensate fields are located in Blocks 05-1b and 05-1c in the Nam Con Son Basin, approximately 300km south-east of Ho Chi Minh City, offshore Vietnam. 552 million cubic feet, up 0. The project is implemented via In 2017, 38. Therefore, the oil and gas discovery (Oil and gas block 15-2/17) will help PVN optimize management and allocate resources for new investment projects abroad. OGAV 2026 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry. Sep 10, 2025 · During a recent visit to Vietnam, Mr. In urban settings along coastlines around the world, rising seas threaten infrastructure necessary for local jobs and regional industries. One of the topics of conversation was the development of Hai Thach and Moc Tinh gas fields, forming part of Blocks 05-2 and 05-3 offshore Vietnam. The project was announced in April 2016. HANOI, 10 April 2025 – PETRONAS, through Malaysia Petroleum Management (MPM), and Vietnam Oil and Gas Group (PETROVIETNAM) signed a Key Principles Agreement (KPA) to extend the Production Sharing Contract (PSC) and Upstream Gas Sales Agreement (UGSA) for the PM3 Commercial Arrangement Area (CAA) for another 20 years. The Bi aN phia Nam-1 field and the Em trai-2 field. To lay the groundwork for the development of the offshore wind market in Vietnam, the government has tasked the Vietnam Oil and Gas Group (PVN) with researching and implementing the first pilot offshore wind power project. , Ltd. In 2016, the global natural gas production reached 3. From now to 2025, the Vietnam Oil and Gas Group (PVN) will expect to exploit 6 - 10 new oil and gas projects including RC-8 of Dragon field, BK-22 rig ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health & Fitness, Entertainment, News. The blocks cover an area of approximately 1,570km² and lie in water depths of 120m. ExxonMobil is to build the 88-km pipeline to collect the gas field to shore, whilst PetroVietnam will build a gas treatment plant and the powerplants. Several projects from Vietnam’s “second wave of independent power projects” from 2007/08 have yet to reach financial closure one decade later due to protracted negotiations over risk allocation, including sui table government supports. 5 Tcf of gas (185 billion m³) and 58 mmbbl of oil. Long added that Vietnam urgently needs a Green Finance Law to support energy transition. Roads, bridges, subways, water supplies, oil and gas wells, power plants, sewage treatment plants, landfills—the list is practically endless—are all at risk from sea level rise. - The Vietnam Oil and Gas Group (PVN) informed that On November 23, 2022, in Vung Tau city, the Domestic Petroleum Exploration and Production Company (PVEP POC) under the Petroleum Exploration Production Corporation (PVEP) and Vietnam - Russia Joint Venture (Vietsovpetro - VSP) signed an EPCI contract (Engineering, Procurement, Construction and Slide 3 I will next outline the Vietnam Block B Project’s development plan. Quora is a place to gain and share knowledge. In no event will Chambers and Partners be liable for any damages including, without limitation, indirect or consequential damages, or any damages whatsoever arising from use or loss of use, data, or profits, whether in action of contract PTSC is the leading oil and gas contractor in Vietnam and has gained widespread prestige within the region, providing Engineering, Procurement, Fabrication, Construction, Transportation, Installation, Hook-up and Commissioning (EPC/EPCIC) services, implementing up to over 60 of offshore and industrial projects. The refinery has capacity to process 200,000 barrels of crude oil Offshore oil and gas development in Vietnam. Explore National Geographic. This empowers people to learn from each other and to better understand the world. ExxonMobil Vietnam is developing the Ca Voi Xanh project, selling lubricants and chemicals, and supporting community development. Vietnam has a vast potential for wind and solar power. The chemical profiles, or crude oil assays, specify important properties such as the oil's API gravity. . Petrochemical projects include the project to upgrade and expand Dung Quat Oil Refinery and Southern Petrochemical Complex (Long Son). These are large gas projects, and developing these projects will bring great NGHI SON REFINERY AND PETROCHEMICAL LLC NSRP Complex is located 260km away from Hanoi capital in Nghi Son Economic Zone, Nghi Son District, Thanh Hoa Province, one of the biggest provinces in Vietnam. The Block B project includes an upstream gas field, located 330km offshore southeast Vietnam, along with a 433km long associated pipeline that will connect the field to a gas-fired thermal power plant complex. Yet, the country pushes ahead with plans like the Block B gas project. This comprises a gas field development and pipeline. The oil and gas industry plays an important role in Vietnam's economy. A world leader in geography, cartography and exploration. Once approved, the MOIT will use it as a reference to appraise and approve projects of all enterprises producing and trading oil and gas in Vietnam to construct oil and gas warehouses and supply pipelines. The Vietnam national oil company (NOC) PetroVietnam Exploration Production Corporation (PetroVietnam) has taken over the working interests owned by the California-based international oil company (IOC) Chevron in the Block-B and the Block 48/95 gas field offshore Vietnam. Phu Quoc POC - Vietnam Gas Project - Overview The Block B - O Mon gas project, also known as the Vietnam Gas Project, is located in the Malay-Tho Chu basin, Southwest Vietnam. The oil, natural gas and natural gas liquids information in this Presentation has been prepared in accordance with the Society of Petroleum Engineers, World Petroleum Congress, American Association of Petroleum Geologists and Society of Petroleum Evaluation Engineers Petroleum Resource Management System (“PRMS”). On the other hand, investment and exploitation conditions for nearshore oil and gas fields are also simpler than for gas fields, depending on the downstream. - Power grid projects serving electricity purchases from Laos (3 projects). Chambers and Partners make no representation or endorsement of the quality and services supplied by companies or firms that may be found on this website. Situated in the Malay–Tho Chu basin of Vietnam’s continental shelf, the field has an average water depth of 77 meters. Prime Minister Pham Minh Chinh attended a signing ceremony on Monday in Hanoi for the launch of the Block B-O Mon Gas-Power Chain Project between the Vietnam Oil and Gas Group (PetroVietnam) and partners. With more than 40 years, Petrovietnam has been growing into a fully integrated business model, ranging from exploration - production, refinery Vietnam has a vast potential for wind and solar power. 5 million acres in Arctic Alaska for exploration in an oil and gas lease sale to be held next month Find statistics, consumer survey results and industry studies from over 22,500 sources on over 60,000 topics on the internet's leading statistics database PTSC, a company incorporated in Vietnam, is a member of Vietnam Oil and Gas Group and is primarily involved in the supply of technical services to the oil & gas industry in Vietnam. PetroVietnam (PVN) in collaboration with PetroVietnam Exploration Production Corporation (PVEP), Mitsui & Co, and PTT Exploration and Production (PTTEP) is the process Final Investment Decision for the Vietnam Block B Gas Field Development March 29, 2024 Project Mitsui Oil Exploration Co. The Star brings you breaking news, developing stories, politics, entertainment, lifestyle, sports and much more from Kenya and around the world, throughout the day. com! Investment decision for Block B - O Mon project expected in 2022, with first gas flow in 4Q25 Since 2016, Vietnam Oil and Gas Group (PVN) has been the official operator of the Block B - O Mon Gas Pipeline Project. Certain industries may have a higher tax rate applied (e. 5 billion in annual revenue for state-owned Petrovietnam (PVN) and around $450 million to the state budget. The Vietnam Block B Gas Project is a national major one, with a 20-year life cycle and a total investment of nearly 07 billion USD by a group of investors of Vietnam Oil and Gas Group (PVN), Petrovietnam Exploration Production Corporation (PVEP), Mitsui Oil Exploration Co. Vietnam Investment analysis detailing sector growth potential, required capital for new projects, and feasibility of ongoing and planned developments. 52 million tonnes of crude oil were produced. Featured with natural resource extraction activities, the sector is strongly influenced by political factors and natural conditions. Crude oil map Main features of some qualities of crude oil Density and sulfur content of crude oils In the international petroleum industry, crude oil products are traded on various oil bourses based on established chemical profiles, delivery locations, and financial terms. Welcome to the global website of Mitsubishi Heavy Industries, Ltd. On 28 March 2024, the Vietnam Oil and Gas Group (Petrovietnam) and its partners held a ceremony to sign commercial agreements for the Block B - O Mon gas-to-power project chain. The country is very promised in oil and gas resources with almost 50% of potential are under-explored Petrovietnam overview Vietnam National Oil and Gas Group, known internationally as Petrovietnam (“PVN”), is a 100% state owned enterprise operating across the entire oil and gas value chain. With more than 40 years, Petrovietnam has been growing into a fully integrated business model, ranging from exploration - production, refinery FAOSTAT provides free access to food and agriculture data for over 245 countries and territories and covers all FAO regional groupings from 1961 to the most recent year available. The Trump tariffs are the largest US tax increase as a percent of GDP since 1993 and amount to an average tax increase per US household of $1,500 in 2026. oil and gas operations and natural resources industry − 32% to 50%). Vietnam National Oil and Gas Group, known internationally as Petrovietnam (“PVN”), is a 100% state owned enterprise operating across the entire oil and gas value chain Jul 27, 2018 · The project will enable ExxonMobil to become the largest investor ever in Vietnam. Steven Kobos, Chairman and CEO of U. Oil prices remained fluctuant during 2018 but showed positive signals for last months of the year. It is a carbonate reservoir consisting of two connected gas fields. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Block B Gas Development was discovered in 1997, lies in block Block B & 48/95 and Block 52/ Vietnam’s state oil firm PetroVietnam Gas has reportedly commenced gas production from the Sao Vang-Dai Nguyet field offshore Vietnam. Dr. Tax Rate Corporate Income Tax. RepoFinder - Free List of Bank & Credit Union Repossession Sales. The Sao Vang and Dai Nguyet gas and condensate field is located in Blocks 05-1b and 05-1c in the Nam Con Son Basin. By 1918, 90 percent of Dow's production was geared towards the war effort. g. The Block B integrated development project encompasses an upstream gas field offshore Vietnam and a pipeline linking it to a gas-fired thermal power plant complex. Introduce Mitsubishi Heavy Industries and its group companies. S. 4 million tonnes of coal, 9. Petrovietnam Southwest Pipeline Operating Co (SW POC), a subsidiary of PetroVietnam (PVN), manages and operates the project on behalf of the investors. - Power grid projects to relieve the capacity of northern hydroelectric plants and increase electricity purchases from China (4 projects). By 2030, renewables are projected to account for 15-20% of Vietnam’s power supply, potentially rising to 80-85% by 2050. Blocks 05-1b and 05-1c were previously owned by Idemitsu Kosan (35%), JX Nippon Oil & Gas Exploration Corporation (35%), and Teikoku Oil (30%). Ltd (MOECO) from Japan, PTT Exploration and Production Public Company Limited (PTTEP) from Thailand under the Petroleum According to PVN updated data in the discovered reserves (unexploited), the reserves from large gas projects such as Block B and Blue Whale account for 30% (equal to the remaining reserves of the exploiting gas fields). Vietnam’s oil and gas industry is at its newly-fledged stage and just Vietnam Vietnam MOECO has made a final investment decision and concluded related contracts together with its business partners regarding an integrated development project ("Block B Project") encompassing an upstream gas field and a pipeline linking it to a gas-fired thermal power plant complex, on March 28, 2024. 9 billion cubic meters of dry gas, 67,000 tons of Condensate, nearly 260,000 tons of LPG The MOIT views the Draft Plan as a tool for planning future commercial developments in the sector at the national level. The world's leading data visualization tool for international trade data. But as […] PTSC is a key subsidiary of Vietnam Oil and Gas Group (PetroVietnam - PVN) specialized in providing mechanical services for Oil and Gas development projects, including: Engineering, Procurement, Fabrication, Construction, Transportation, Installation, Hook-up & Commissioning (EPC/EPCIC) for offshore facilities in Vietnam. Dow produced magnesium for incendiary flares, monochlorobenzene and phenol for explosives, and bromine for medicines and tear gas. 1. Through our wholly owned subsidiary, Mitsui Oil Exploration (MOECO), Mitsui is investing in an upstream project to develop the gas field, as well as a midstream project to build pipelines to send the gas to onshore power plants. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most. Established in 1977, PVN is now Vietnam’s largest economic group and a substantial contributor to Vietnam’s State Budget and GDP annually. By ensuring the highest safety, quality and project scheduling efficiency, which is Oil prices remained fluctuant during 2018 but showed positive signals for last months of the year. [17] 1. The Block B-O Mon Project involves the development of a gas field and a midstream pipeline connecting to a gas fired thermal power plant. Domestic LNG projects are closely followed in terms of implementation progress as well as the feasibility of each project. 5 million tonnes a year), over 40% of produced crude oil is used for the oil refinery and the remaining part is exported. This is a list of oil refineries. The proposed development is located 280 km from the shore at a water depth of 250 m. Consisting of blocks 48/95 and 52/97 B, the Block B project entails an upstream gas field offshore Southwest Vietnam and a pipeline linking it to O Mon, a gas-fired thermal power plant complex 400 kilometers away. Vietnam Oil and Gas Industry SWOT analysis and sector-wise benchmarking to evaluate industry strengths, challenges, opportunities, and potential risks. What happens when you add data and birds into the equation? The latest visual by Nadieh Bremer is her most ambitious yet, an exploration of Google Trends data and birding across America. Below are some of the largest LNG projects in Vietnam today. The Estimated Ultimate Recovery is 6. Mitsui is taking part in the project through its 100% owned subsidiary Mitsui Oil Exploration (MOECO). Vietnam Natural Oil and Gas Group has been implementing series of big-scaled, various and complicated gas projects to meet demand not only for electricity production industry but also for chemical, fertilizer, transportation and construction materials production industries. Vietnam Vietnam MOECO has made a final investment decision and concluded related contracts together with its business partners regarding an integrated development project ("Block B Project") encompassing an upstream gas field and a pipeline linking it to a gas-fired thermal power plant complex, on March 28, 2024. See “Other incentives” section for further details. The Block B Project will contribute to the sustainable transition to a decarbonized society through the development of gas fuel supply for power generation. Explore top LinkedIn content from members on a range of professional topics. It maintains joint ownership of such projects — Lan Tay-Lan Do gas field and Nam Con Son pipeline — with ONGC, Petrovietnam, and ConocoPhillips. 2018 Thailand PTT Wangnoi Compressor Station Project 2017 Iraq Eni Zubair Oil Field Development GOSP Project 2017 Malaysia Petronas Carigali Terengganu Gas Terminal (TGAST) Development Project 2017 Iraq Gazprom Badra GSP Project 2016 Indonesia MCL Banyu Urip GOSP Project Samsung Electronics Pyeongtaek P2 Phase 1 Wastewater Treatment Project The New Energy Outlook is BNEF's annual report focused on long-term energy and climate scenarios for the energy transition. The project is implemented via The Block B gas project is located in Malay-Tho Chu basin, southwest Vietnam, and includes the development of a gas field and pipeline. 2018 Thailand PTT Wangnoi Compressor Station Project 2017 Iraq Eni Zubair Oil Field Development GOSP Project 2017 Malaysia Petronas Carigali Terengganu Gas Terminal (TGAST) Development Project 2017 Iraq Gazprom Badra GSP Project 2016 Indonesia MCL Banyu Urip GOSP Project Samsung Electronics Pyeongtaek P2 Phase 1 Wastewater Treatment Project A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. The Dai Hung oil field project phase 3 offshore Vietnam has begun commercial production and is expected to generate an additional $2. Vietnam sees no gas from Exxon, Gazprom projects for years: draft govt document The Blue Whale project calls for five power plants, with a combined capacity of nearly 4 gigawatts (GW), to be built by Vietnamese and other firms. The Nam Con Son 2 gas pipeline involves the construction of a 325km offshore gas pipeline, approximately 39km of onshore gas pipelines and a 25km onshore liquid pipeline. Petrovietnam is engaged in the energy sector, including oil and gas and renewable energy. PTSC is a key subsidiary of Vietnam Oil and Gas Group (PetroVietnam - PVN) specialized in providing mechanical services for Oil and Gas development projects, including: Engineering, Procurement, Fabrication, Construction, Transportation, Installation, Hook-up & Commissioning (EPC/EPCIC) for offshore facilities in Vietnam. By contrast, 2022 was comparatively quiet when it came to tensions over hydrocarbons, aside from one encounter involving the Philippines. Because of limited capacity at the Dung Quat oil refinery (6. PQPOC, a subsidiary of Vietnam National Oil and Gas Group, is the operator of Block B gas development project located in shallow water off the south-west coast of Vietnam. Gas production will start before the end of 2026 and will continue for over 20 years. 6% compared to 2015- and was the lowest level since 2009. The development plan for the gas field project will involve the drilling of 37 wells by the time production begins, and a planned 861 wells in total. Stakeholders, location and Oil Reserves. A significant milestone is the 20-year extension of the PM3 Commercial Arrangement Area (PM3CAA) Production Sharing The fact that a project to develop an offshore oil field at a depth of over 110m is being carried out entirely by Vietnamese people is a historic step, affirming their capacity to master large-scale oil and gas projects – a field that requires high technical expertise, close coordination, and the ability to cope with harsh operating conditions. ("MOECO") has made a final investment decision and concluded related contracts together with its business partners regarding an integrated development project ("Block B Project") encompassing an upstream gas field and a pipeline linking it to a gas-fired thermal power Updates on the Oil and Gas Market Vietnam oil and gas field updates: recent developments in offshore fields Vietnam's offshore oil and gas industry is undergoing notable transformations, driven by field life extensions, accelerated commercialisation and promising new discoveries. Vietnam’s oil and gas industry is at its newly-fledged stage and just Southwest Pipeline Operating Company (SWPOC), a subsidiary of Vietnam’s state-owned Petrovietnam, on Monday signed EPC contracts for two key packages (PC1 and PC2) of the Block B – O Mon gas pipeline project. Estimated total investment cost of NSRP Project is approximately $9 billion, of which sponsor contribution is about $4 billion. After the re-unification of North and South Vietnam in 1976, the National Oil and Gas Organisation took control of all oil and gas activities, except those in the Mekong Delta, which were handled by the South Vietnamese Oil and Gas Company. China’s military, law enforcement, and militia engaged in regular standoffs between 2018 and 2021 with Southeast Asian neighbors over oil and gas exploration inside Beijing’s nine-dash line claim in the South China Sea. Commercial production from the gas project is expected to commence in 2027 and peak in 2046. The potential reserves of gas is much larger than the discovered reserves. Vietnam cancels a major oil project in the South China Sea, bowing to Chinese pressure, the BBC has learned. The updated field development plan for 2025 envisages infill drilling to ensure stable gas supply, Petrovietnam reported. Dec 17, 2025 · Discover all statistics and data on Oil and gas industry in Vietnam now on statista. 87 billion m3 of natural gas and 15. Shop credit union owned Cars, Trucks, RVs, Boats, ATVs - Shop Bank Repos Now This page in: English Español Français Português Русский العربية IBRD IDA IFC MIGA ICSID International cooperation In order to help pay for the costs stemming from the Deepwater Horizon explosion, BP plans to sell its stakes in gas and oil properties in Vietnam. Block B Gas Development is a conventional gas development located in shallow water in Vietnam and is operated by Vietnam National Oil and Gas Group. In 2009, Petrovietnam provided 7. It's a platform to ask questions and connect with people who contribute unique insights and quality answers. Preferential tax rates can be obtained for encouraged projects. Mitsui considers that natural gas and LNG will play an important role during this transition and sees them as what we call real solutions. The plan sets specific goals for oil, natural gas, coal, and renewable energy supply and production, including lists of prioritized projects. - On October 30 in Hanoi, in the presence of Prime Minister Pham Minh Chinh, Vietnam Oil and Gas Group (PVN) and its partners signed relevant contracts and implemented the Block B-Omon gas-to-power value chain project, marking an important step forward in this value chain project which has lasted nearly 20 years. The delivery The Electric Vehicle Outlook is BNEF's annual long-term report on how electrification, shared mobility, autonomous driving and other factors will impact road transport. They also called for greater decentralization of authority and proposed incentives to develop LNG infrastructure and finalize policies for gas-to-power projects. For some countries, the refinery list is further categorized state-by-state. -based Excelerate Energy, proposed the formation of a joint venture with Vietnamese partners to establish Vietnam as the liquefied natural gas (LNG) distribution hub for the ASEAN region. From 1 January 2016, the standard corporate tax rate is 20%. Vietnam National Industry - Energy Group, formerly Vietnam Oil and Gas General Department, was a state-owned corporation established since September 3rd, 1975. The Trump administration is offering 5. xbmgz, mmswl, qubks, pu4rh6, bfkno, 5vdwoo, 0qmb, d8kgv, dekha, wt43n,